Gold futures fell by 0.21 per cent to Rs 28,148 per 10 grams today as participants indulged in reducing exposures, largely in tandem with a global trend.

At the Multi Commodity Exchange, Gold for delivery in August, fell by Rs 59, or 0.21 per cent, to trade at Rs 28,148 per 10 grams in a turnover of 18 lots. On similar lines, the metal for delivery in June shed Rs 54, or 0.19 per cent, to Rs 28,535 per 10 grams in 389 lots.

Globally, gold lost as much as 0.19 per cent to USD 1,299.70 an ounce in Singapore.

At the Multi Commodity Exchange, silver for delivery in May traded lower by Rs 241, or 0.57 per cent, to Rs 42,175 per kg in a business turnover of 855 lots.

Similarly, the white metal for delivery in July declined by Rs 243, or 0.56 per cent, to Rs 42,935 per kg in a business volume of 39 lots. In the international market, silver traded 0.71 per cent lower at USD 19.49 an ounce in Singapore.